ChoiceOne Financial Services (ChoiceOne Financial Services) Scaled Net Operating Assets : -0.05 (As of Dec. 2023)

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What is ChoiceOne Financial Services Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ChoiceOne Financial Services's operating assets for the quarter that ended in Dec. 2023 was $2,006.68 Mil. ChoiceOne Financial Services's operating liabilities for the quarter that ended in Dec. 2023 was $2,145.57 Mil. ChoiceOne Financial Services's Total Assets for the quarter that ended in Sep. 2023 was $2,574.20 Mil. Therefore, ChoiceOne Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.05.

ChoiceOne Financial Services Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ChoiceOne Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2521.273	-	2145.565)	/	2385.915
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2576.706	-	55.433
=	2521.273

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2381.072	-	205.507	-	30
=	2145.565

ChoiceOne Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2006.675	-	2145.565)	/	2574.196
=	-0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2576.706	-	570.031
=	2006.675

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2381.072	-	205.507	-	30
=	2145.565

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula	officer: S.V.P. - ChoiceOne Bank (Sub)	109 EAST DIVISION STREET, SPARTA MI 49345